We offer you a brighter future with industry-ready online courses - Start Now!!
What is the full form of GAIL?
GAIL stands for Gas Authority Of India Limited and is the largest Indian company that deals with natural gas refining and its business. GAIL comes under National Stock Exchange and Bombay Stock Exchange and has its headquarters in New Delhi.
A brief history of GAIL
- The Indian government established GAIL in 1984 as a Public Sector Undertaking under the supervision of the Petroleum and Natural Gas Ministry.
- Received the Maharatna status on 1 Feb 2013. It holds the 131st position amongst the 150 respected and trusted brands in India.
- Became part of the NSE, BSE, and DSE directories in 1996.
- In 1999 LPG plants at Lakwa and Usar received approval for manufacturing.
- In 2001, GAIL approved the construction of the first and longest interstate LPG transmission pipeline in the world. This pipeline ran from Jamnagar, Gujarat to Loni, UP.
- Pulled out 12 percent share in GSEGs in Gujarat in 2002.
- Established Bhagyanagar Gas Limited in August 2003, a joint venture by GAIL and HPCL.
- Won the SCOPE Meritorious Award for enterprise authority and regulation for the year 2007-08.
Opened a Representative Office in Egypt in 2010 and ranked number one in the Platts Global Ranking for the classification of gas utilities in Asia. - First PSU to receive the Managing India Award for the Outstanding PSU of the Year in 2011.
- Received the MoU Excellence Award in 2012 for being the most excellent functioning CPSE in the petroleum industry for the year 2009-10. The then PM also introduced a pipeline from Dahej to Bathinda (2200 km) in the same year.
GAIL company products
- Natural gas refining and commercialization
- Electricity production
- Liquid Petroleum Gas
- Liquid hydrocarbons